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As others have said stock is ownership in a company, whereas cryptocurrency doesn’t represent ownership in anything other than the scheme itself. It takes a he
by throwaway_kufu 5y ago
As others have said stock is ownership in a company, whereas cryptocurrency doesn’t represent ownership in anything other than the scheme itself. It takes a hell of a lot for a publicly traded stock to go to $0.
The market is manipulated certainly, but that is not a justification for tech companies and developers to create crypto currencies to pump and dump.
Also the markets are regulated from registering trades by CEOs in advance to insider trading laws. Though far from perfect it’s no reason to waive a white flag and open the flood gates to unmitigated scams. And the only times it appears coin scams have resulted in any legal action and liability is under the guise of the existing securities laws.